Water Island Capital LLC Takes $2.79 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Water Island Capital LLC purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 37,309 shares of the company's stock, valued at approximately $2,789,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Liberty Broadband during the third quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. increased its stake in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the period. Jones Financial Companies Lllp increased its stake in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $36,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

LBRDK traded up $0.72 on Tuesday, hitting $79.00. 413,180 shares of the company were exchanged, compared to its average volume of 1,048,460. The business's fifty day moving average is $81.68 and its 200 day moving average is $81.51. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $11.32 billion, a P/E ratio of 14.55 and a beta of 1.03.

Remove Ads

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Monday. They issued a "sell" rating on the stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.